Startup accelerator BoostVC closes $40 million fund

The Silicon Valley-based startup accelerator BoostVC said earlier this week that is has closed a new $40 million fund.

BoostVC co-founder Brayton Williams said Tuesday that the firm had closed the fund. According to coverage by TechCrunch, the fund is the largest Boost has raised to date and drew backing from ECMC and Devonshire Investors. Williams said that the accelerator is taking applications for its next batch of startups.

The firm counts an array of crypto and blockchain-related firms among its portfolio, including crypto exchange Coinbase, Ledger, Protocol Labs and Polychain Capital. BoostVC is also an investor in The Block.


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Williams also noted in his tweet that Boost's next demo day is set for April 28 – and, as noted by TechCrunch, that event will be a wholly digital one in light of the ongoing coronavirus crisis.

"I can't say it's all gone according to plan, we're a very physical accelerator and we've had to completely adapt," founder AdamDraper told TechCrunch regarding the pandemic's impact. "But we've gotten the value of getting to see how Y Combinator and 500 Startups did their demo days."

BoostVC image via Twitter